SapuraKencana Confirms Petronas Contract Award
- Business & Finance
Malaysia’s SapuraKencana Petroleum Berhad has confirmed that its subsidiary, TL Offshore Sdn. Bhd. has been awarded contracts for Packages C & D by eleven PETRONAS’ Production Sharing Contractors (“PSCs”) for the provision of works and services for the integrated transportation and installation of offshore oil and gas facilities for the year 2014 to 2016 with optional extension of one year.
TLO has received the official letters of award in relation to the Contracts from all of the PSCs.
The contracts would require the provision and performance of various transportation and installations services for offshore oil and gas structures which includes topside, jackets and risers as well as laying of subsea pipelines and its associated works. The Works will be performed for a duration of 3 years from 2014 to 2016 with the option for one year extension.
The scope of work and project schedule relating to the same shall be specified and determined on a yearly basis. The contracts value will depend on the actual work orders issued by the PSCs during the Contracts period.
Start of works is expected to be in March 2014 around various offshore locations in Malaysian waters.
Press Release, December 16, 2013